<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 30): Industrial construction and automated logistics company PTT Synergy Group Bhd (KL:<a href="/askedge/klse/7010" class="ce-stock" target="_blank">PTT</a>) is acquiring&nbsp; four parcels of land with a combined area of 8,778 square metres in Bandar Bukit Raja, Klang for RM32 million in cash.</p></div>

<div class=newsTextDataWrapInner><p>PTT Synergy is buying the freehold industrial properties from Sime Darby Property (Bukit Raja) Sdn Bhd,&nbsp;&nbsp; a wholly-owned subsidiary of Sime Darby Property Bhd (KL:<a href="/askedge/klse/5288" class="ce-stock" target="_blank">SIMEPROP</a>), according to a bourse filing on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>Each parcel comes with a detached factory, either already built or to be built, PTT Synergy said. The group intends to use the properties for its business operations and to accommodate future expansion.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The acquisition will be funded through bank borrowings and is expected to be completed within 36 months, PTT Synergy said.</p></div>

<div class=newsTextDataWrapInner><p>This is PTT Synergy’s second land acquisition this month. On Sept 11, the group acquired a 3.925-hectare parcel of freehold land in Seberang Perai Selatan, Penang, for RM62.53 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in PTT Synergy rose seven sen or nearly 5% to settle at RM1.52 on Wednesday, valuing the group at RM725.6 million.</p></div>

<div class=newsTextDataWrapInner><p><i>Read also:<br />
<a href="https://theedgemalaysia.com/node/817781" target="_blank">PTT Synergy buys Penang land for RM62.5 mil</a></i></p></div>


Industrial construction and automated logistics company PTT Synergy Group Bhd (KL:PTT) is acquiring  four parcels of land with a combined area of 8,778 square metres in Bandar Bukit Raja, Klang for RM32 million in cash.

PTT Synergy buys industrial land in Klang from Sime Darby Property

India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.

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Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

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HSBC said on Wednesday consultations were underway, after the Financial Times (FT) reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence (AI).

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The holding company of Canada's Weston family has agreed to buy British health and beauty retailer Boots from private equity firm Sycamore Partners and the Pessina family for US$8.9 billion (RM36.4 billion), including debt, it said on Wednesday.

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The International Energy Agency's (IEA) member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel due to tight supplies of the fuel, the head of the IEA said on Wednesday.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


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<p>Bursa Malaysia Securities has dismissed MMM Group Bhd’s (KL:MMM) appeal against the rejection of its proposed regularisation plan, paving the way for the company to be delisted on Oct 12.</p>


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<p>British 30-year bond yields rose to a 28-year high on Wednesday as a global bond sell-off pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.</p>


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<p>Retail prices for unsubsidised petrol will increase by 15 sen from Oct 8 to Oct 14 as Brent crude oil hovers around US$100 per barrel despite the recovery of crude oil flows from West Asia.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim said the fifth Madani&nbsp;budget is based on a clear resolve to strengthen the nation’s economy and translate growth into a better life for the people.</p>


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<p>Crude palm oil (CPO) prices could trade at a premium to soybean oil as early as April next year, as weather risks and rising biodiesel demand in Indonesia tighten global vegetable oil supplies, said industry analyst Thomas Mielke.</p>


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<p>The Ministry of Human Resources (MOHR) has initiated intervention measures to protect the rights and assist 372 workers of CJ Bio Malaysia Sdn Bhd affected by the closure of the company's plant in Kerteh, Terengganu, from Oct 15.</p>


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<p>Defence Minister Datuk Seri Mohamed Khaled Nordin is disputing the auditor general’s projection that the first of the long-delayed littoral combat ship (LCS1) would only achieve full operational readiness by December 2035.</p>


<p>The additional tax claim against Tenaga Nasional Bhd (KL:TENAGA) will not&nbsp;result&nbsp;in the cost being passed on to consumers through electricity tariff hikes, said the Ministry of Finance (MOF).</p>


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<p>Enterprise IT services provider Ancile Tech Bhd has filed its draft prospectus for an initial public offering (IPO) on the ACE Market, as it seeks funds to set up an in-house network operations centre (NOC) and security operations centre (SOC), and expand its business beyond northern Peninsular Malaysia.</p>


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<p>ACE Market-listed Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.86 million (RM15.77 million) from an undisclosed Singapore customer for test systems used in the data centre and artificial intelligence (AI) market.</p>


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<p>The Nasdaq and the S&amp;P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve's September meeting.</p>


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<p>The Ministry of Finance (MOF) is finalising&nbsp;a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.</p>


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<p>LONDON/MILAN (Oct 7):&nbsp;Traders have turned more discerning following a bond market rout, dumping the debt of European countries they deem the riskiest and rushing to safe-haven Germany.</p>

<p>The moves highlight a new hierarchy in the ever-evolving rankings of ​European debt.</p>

<p>Fr...

Investors pick new darlings and duds as selloff rocks Europe's bond market

<p>The interest rate on the most common US home loan jumped last week to its highest in almost three years, worsening affordability for buyers four weeks before elections that will decide if President Donald Trump's Republicans keep control of Congress.</p>
